Trusty editorial content, checked by leading industry experts and experienced editors. AD -open
Cryptocurrency investors scratched their heads last week after unfounded rumors began on April thirtieth XRP ETFS for proshares.
The analyst of Bloomberg ETF, James Seyffart, intervened to dispel the misinformation by assured that no official release date was planned.
Proshares: No plans for the beginning on April thirtieth
ProShares has “no ETF starts for Wednesday, April thirtieth”, the journalists replied yesterday.
The company didn’t comment on a schedule for future possible starts, except to say that it had “no further news at the moment”.
Update: Many individuals who post/report that @Proshares will start on April thirtieth XRP ETFs. We have confirmed that this will not be the case. We don’t yet have a confirmed start date, but we consider that they may start – and doubtless start shortly or possibly within the medium term.
– James Seyffart (@jseyff) April 28, 2025
Image: Gemini Imageen
As market observers explain, investors, although there is no such thing as a final date, can realistically anticipate an introduction to “short to medium -term”. The confusion got here from a regulatory submission of April 15, which were described as recent incorrect news organizations.
You could have seen headlines about Proshares XRP ETFs this week.
But a spokesman told me:
“Proshares has no ETF starts for Wednesday, April thirtieth. We don’t have any further news at the moment.”
– Ben Strack 🟪 (@strack_ben) April 28, 2025
The price of XRP has remained relatively stable despite the confusion, and the trade at $ 2.28 with a rise of 0.79% above the intraday deep. Market statistics show that the 24-hour market capitalization of Altcoin rose by almost a percentage to $ 133.8 billion and that the trading volume rose by $ 4.51 billion.
The XRP market capitalization is currently at 133 billion US dollars. Diagram: Tradingview
Future products that arrive greater than spots are more based on ETFs
The ETFs mentioned won’t contain any actual tokens from XRP, as expressed by Nate Geraci, the President of the ETF store. Instead, the products will follow the crypto through the use of futures contracts and offering investors indirect exposure to the value movement of the Altcoin.
According to Geraci, the brand new ETFs could have each levered and inverse versions. This happened after Teucrium recently introduced a 2x long XRP -TF (XXRP) last month. The XXRP fund employs SWAP agreements to make twice the every day return of XRP, and currently has around $ 42.70 million in assets.
SEC also checks Spot XRP ETF applications
While products which can be based on futures proceed to run the Securities and Exchange Commission with regard to all spot-ripple ETF suggestions while waiting and lake mode. Companies akin to grayscale, Bitgewise and Franklin Templeton are still waiting for regulatory decisions about their submissions.
Source: polymarket
Market analysts asked why the SEC seems higher than spot ETFs with products based on futures. Regulatory experts find that Futures ETFs generally encounter fewer roadblocks within the approval process than Spot products which can be exposed to stricter risk analyzes.
Approval opportunities
In the meantime, the likelihood of a Ripple -ETF approval rose by 8% to 78% in the present 12 months, in keeping with the prediction market polymarket. This continues to implement the Proshares XRP ETFS.
Selected picture of Gemini Imageen, Diagram from Tradingview
Editorial process Because Bitcoinist focuses on delivering thoroughly researched, accurate and impartial content. We comply with strict procurement standards and every page is diligently checked by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and the worth of our content for our readers.
